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Daily Archives: June 6, 2017
Cryptocurrency ICOs Advantages vs Disadvantages – The Merkle
Posted: June 6, 2017 at 5:50 am
Cryptocurrency ICOs are quite popular these days. Not only are they accessible to the general public, but there is also a good chance to buy cheap tokens and see them appreciate in value over time. That does not mean ICOs are not without risks, though, as there are always some potential drawbacks when making investments. Below are some advantages and disadvantages related to cryptocurrency ICOs.
As the name somewhat suggests, an ICO is an initial coin offering. This means investors are often buying coins or tokens for a project that does not even fully exist yet. In most cases, the team will have some degree of code to show what the project will look like. However, there is no guarantee of projects ever being completed or even being embraced by mainstream users. This is a risk people need to be willing to take, as it may take years until there is an actual market for the project in question.
Speaking of investors, the majority of ICO investors are enthusiasts, rather than people with expertise. Backers have a financial stake in the process, but an ICO is not regulated or registered. This means users will not be reimbursed if something were to go wrong. This is something a lot of people tend to overlook these days, even though it has become less of an issue ever since smart contracts were used to lock up ICO funds.
Additionally, not everyone will be able to partake in every ICO these days. This is especially true on the Ethereum network, as a lot of ICOs sell out in less than 30 minutes. Partaking in such an event means users need to send a transaction at a much higher fee to ensure their transfer is picked up in a network block. This higher cost just to participate in an ICO is not a positive development by any means. Then again, it is only a minor drawback to most people, albeit still important to keep in mind.
The fact that ICOs are open to the general public means anyone in the cryptocurrency industry can partake if they can get funds transferred on time. This means the projects can raise funds in a completely decentralized manner, which is quite important. More investors from all over the world means there is less centralization, which is what cryptocurrency is all about.
Moreover, the concept of cryptocurrency ICO means people can help shape the future of this entire ecosystem. There is a wide range of different projects raising funds through an ICO, and every single project aims to bring something new to the table. Moreover, virtually all of these projects raise a lot of money in the process of their ICO taking place. Multi-million dollar projects are very common in the world of cryptocurrency ICOs.
Perhaps the biggest advantage to speculators, that is is how the tokens can be bought at a low price. Most exchanges will eventually enable trading of these tokens, where they can be sold for a profit if the project is successful. Ethereum-based tokens have a habit of appreciating in value by quite a magnitude. Value gains of over 1,000% over the course of a year or less are quite common, regardless of the projects being finished by that time. From a speculative point of view, cryptocurrency ICOs are more than worth getting involved in. This could ultimately become the downfall of these projects as well, though, but only time will tell if that is the case.
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Price Analysis: Cryptocurrencies Hit $100 Billion Market Cap as Bitcoin Reaches for New Highs – Bitcoin Magazine
Posted: at 5:49 am
Bitcoin Magazine | Price Analysis: Cryptocurrencies Hit $100 Billion Market Cap as Bitcoin Reaches for New Highs Bitcoin Magazine Bitcoin approaches a new all-time high (ATH) in price and market cap as we re-enter a mode of price discovery. All of this occurs in the settling of an unresolved block size and scalability debate set to be disrupted with the UASF on August 1 ... Bitcoin Alert: New All-Time High For The Cryptocurrency Briefly: Lifeguard Video Test, Target's Game Sale, Bitcoin Price Surge Bitcoin and Ethereum are hitting record highs |
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Why Buy This Bitcoin ETF Instead of Actual Bitcoin? | Investopedia – Investopedia
Posted: at 5:49 am
If you're interested in getting invested in the digital currency world, now seems to be as good a time as ever. Bitcoin has seen repeated record-setting price levels, and a host of other digital currencies are becoming increasingly popular around the globe. And yet, there are some reasons why even seasoned investors may be reluctant to get involved in direct investments relating to cryptocurrencies. Fortunately for those people, there is an exchange-traded fund focusing on Bitcoin in particular that can simplify the process. It is called the Bitcoin Investment Trust (GBTC) and it is provided by Grayscale Investments. Here are some of the basic details about the new ETF and its relationship to the digital currency itself.
The Bitcoin Investment Trust sported a tremendous 248% increase in the month of May. This far surpasses the gains of 72% overall for the Bitcoin-U.S. dollar currency cross. With that figure in mind, investors may be jumping to get access to GBTC shares. However, there are other factors to consider as well.
First, May's performance seems to be a relative anomaly for the ETF. For the three months prior to May, Bitcoin performance superseded ETF performance two months. This suggests that the two are actually more neck-and-neck than May's figure would suggest. Second, investors looking to buy into GBTC should keep in mind that the shares of the ETF are currently trading at more than double the cost of Bitcoin itself, according to a report by Business Insider.
Potential investors are likely wondering why GBTC shares can be found at such a high premium over Bitcoin. The issue seems to lie in supply and demand. While Bitcoin demand has skyrocketed, GBTC has kept its shares outstanding close to 1.7 million in the two years that it has existed. In fact, the ETF seems unlikely to change the number of total outstanding shares in the future, according to the company's head of research, Ihor Dusaniwsky. He explains that "with the operational risk of buying and holding actual Bitcoins to support ETF creation very high, and difficult and expensive to insure, it is unlikely that GBTC's outstanding share amount will climb above 1.7 million anytime soon."
It is useful to note that GBTC didn't always seem this expensive in comparison with Bitcoin. Before Bitcoin's price spiked in the past several weeks, the ETF traded on an average premium of just 10% above the cryptocurrency in 2017. The issue seems to have come about when Bitcoin's demand blew up and GBTC's supply did not change. As Bitcoin continues to spread further into the financial world, it will be interesting to see where GBTC's share prices go as well.
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Bitcoin Price Tops $2800, Entire Market Now Worth $100 Billion – Finance Magnates
Posted: at 5:49 am
Many people express a fear in the cryptocurrency forums that we are in a Bitcoin bubble, with prices growing too fast due only to speculation. But I guess no one told this to Asian traders, as the BTC/USD exchange rate just went over $2877for the first time, rising another 10% day-over-day mainly due to high trading volumes in Korea, Japan and China.
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To put this meteoric rise in some perspective, only at the start of March 2017 we reported thatthe price of Bitcoinsurpassed that of an ounce of goldfor the first time. Now, with gold trading at just $1,287, Bitcoin is much more than double the value of the precious metal used as currency since the beginning of history.
In terms of overall market cap, the Bitcoin blockchain is now valued at $46billion, or about 70%of the current equity market cap of Paypal (NASDAQ: PYPL) at $65 billion.
What is even more remarkable than another price record for Bitcoin is thatthe value of the entire blockchain asset ecosystem is now $100 billion, well over that of Paypal, with BTC dominance falling to just 46%.
This figure includes everycryptocurrency and token in circulation and there a lot of those thanks to the recent rush of ICOs (initial coin offerings) drawing in more and more millions from investors in record time. The total market cap is more than double the value it was just a month ago.
Trading volumes supporting the recent move are very high across the board, reaching about $4 billion daily. BTC/USD trading over the past twenty-four hours consisted just $1.8 billion out of the total.
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A Bitcoin UASF Futures Market Could Yield Interesting Results – The Merkle
Posted: at 5:49 am
With the date of August 1st fast approaching, a lot of Bitcoin community members are wondering if there will be a UASF futures market. Considering this soft fork will determine the future direction of Bitcoin, there is a lot of interest in the solution. It is unclear if the UASF will succeed in the long run or not. A futures market could be quite lucrative for whichever platform introduces it first.
That is the main question a lot of Bitcoin community members are wondering about right now. It makes a lot of sense to enable such a futures market for the upcoming user-activated soft fork. The date on which this fork will activate is August 1st, 2017. However, it remains to be seen how much support the UASF will get when push comes to shove. Without enough mining support, this implementation will not make an impact whatsoever.
The way these futures markets would look is by making two sides of the order. One side claims the UASF has the support of users and will pass with flying colors. The other side that opposes the fork will argue that it is reckless,and there is not enough support whatsoever. Both sides are certainly present in the Bitcoin community right now, and they are not shying away from making their opinions be heard.
Any platform or exchange opening such a futures market could make a lot of money from the fees alone. There is a lot riding on the UASF activation on August 1st, and the outcome of this activation threshold could be quite different from what most people expect. It is impossible to tell if this soft fork has enough support to automatically become the largest blockchain in the Bitcoin network. It is certainly possible that will be the case in the end, but a lot of people wouldnt mind wagering on the outcome.
It is rather interesting to see there is currently no way to wager on the outcome of the UASF. Even the multiple prediction markets available today are not showing any event related to this historic decision in the world of Bitcoin. That is very surprising considering there are so many divided opinions on this topic right now. One would expect prediction markets to capitalize on this opportunity, yet no one is taking the time to do so.
It is equally possible a lot of people are so bummed out by the scaling debate, they no longer care to voice their opinion either. This could explain why exchanges and trading platforms are not necessarily leaning toward creating a Bitcoin UASF futures market right now. After all, if there is no real demand for such a service, there is no point in wasting time and other resources to make it a reality either.
At the same time, some exchanges like Bitfinex took the time to list Bitcoin Unlimited tokens on their exchange in the case of a chain split a few months ago. Creating a futures market for the UASF is harmless in comparison, since it does not affect overall trading by any means. Only time will tell if we will see such an offering, albeit it seems rather unlikely at this point.
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SpaceX supply ship reaches space station – CBS News
Posted: at 5:48 am
A SpaceX Dragon cargo ship passes 253 miles above the Nile River early Monday as it closed in on the International Space Station.
NASA
A refurbished SpaceX Dragon cargo ship loaded with 6,000 pounds of supplies and equipment was captured by astronauts operating the International Space Station's robot arm Monday to wrap up a two-day rendezvous.
The Dragon, making its second flight to the station -- a first for SpaceX -- pulled up to within about 30 feet of the station and then stood by while astronaut Jack Fischer, operating the robot arm from inside the multi-window cupola work station, locked onto a grapple fixture at 9:52 a.m. EDT (GMT-4).
"We want to thank the entire team on the ground that made this possible," Fischer said. "These people have supplied us with a vast amount of science and supplies."
Fischer noted that the Dragon's arrival came on the 15th anniversary of crewmate Peggy Whitson's first launch to the space station and said SpaceX had reached a new milestone by re-launching a previously flown cargo ship.
"The last time we had a return visitor to the ISS was STS-135 (the final shuttle flight) in July of 2011," he said. "We have a new generation of vehicles now, led by commercial partners like SpaceX, as they build the infrastructure that will carry us into the future of exploration."
With the Dragon secured, flight controllers at the Johnson Space Center in Houston took over arm operations, remotely pulling the Dragon in for berthing at the Earth-facing port of the station's forward Harmony module. Once precisely aligned, 16 motorized bolts in the common berthing mechanism drove home to lock the capsule in place.
Launched Saturday from the Kennedy Space Center, the Dragon is loaded with 3 tons of crew supplies, station hardware and science gear. The spacecraft's pressurized compartment, the section accessible to the station's crew, is packed with some 3,700 pounds of equipment and supplies, much of it devoted to medical and biological research.
The Dragon over the Red Sea.
NASA
Three payloads are mounted in the Dragon's unpressurized trunk section: an experimental roll-out solar array, a commercial platform that can support up to four Earth-observation instruments at a time and a suite of telescopes to study neutron stars. All three will be extracted later by the station's robot arm.
The station crew will unload the cargo ship in the days ahead and then repack it with 3,400 pounds of biological samples, no longer needed equipment and failed components being returned to Earth for engineering analysis.
Fischer and Whitson plan to unberth and release the Dragon July 2, setting up a fiery plunge to Earth and splashdown in the Pacific Ocean southwest of Los Angeles.
This is the 11th station resupply flight carried out by SpaceX under contract to NASA. The company plans two more cargo runs this year, one scheduled for launch Aug. 1 and the other on Nov. 1.
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Pulsar-Based Navigation System to Get Test on Space Station – Space.com
Posted: at 5:48 am
An experiment thatarrived at the International Space Station today (June 5) will test a celestial navigational system that one day may guide future spaceships to Jupiter as efficiently as GPS satellites get you to Starbucks.
The Station Explorer for X-ray Timing and Navigation Technology (SEXTANT) experiment is among the projects planned for the world's first telescope dedicated to observing neutron stars, the densest known objects in the universe.
Neutron stars form when a star roughly one to three times the mass of the sun runs out of fuel for nuclear fusion and collapses, crushing every proton and electron in its core. The result is a ball of neutrons about 12.5 miles (20 kilometers) across roughly the size of a city that contains as much mass as the sun. [New ISS Experiment Will Probe Neutron Stars (Video)]
A teaspoon of a neutron star would weigh about 1 billion tons (0.9 metric tons) here on Earth as much as a mountain, according to NASA.
Artist's concept of a pulsar (blue-white disk in center) pulling in matter from a nearby star (red disk at upper right). The stellar material forms a disk around the pulsar (multicolored ring) before falling onto the surface at the magnetic poles. The pulsar's intense magnetic field is represented by faint blue outlines surrounding the pulsar.
Stars larger than three solar masses collapse into a black hole, which are objects so dense with matter that not even light can escape their gravitational fists.
Unlike black holes, neutron stars radiate energy across a broad range of frequencies, but they are most visible in their X-ray beams, which will be the focus of the station's newly arrived Neutron-star Interior Composition Explorer (NICER) observatory.
NICER, which will be robotically mounted to the outside of the station, contains 56 X-ray mirrors to illuminate the structure and inner workings of neutron stars. Of particular interest are pulsars, which are fast-spinning neutron stars with especially luminous magnetic fields.
An artist's illustration of the Neutron-star Interior Composition Explorer, or NICER, on the International Space Station.
Pulsars emit powerful beams in opposite directions as they spin. These beams are observable only when they're pointed toward Earth, making it seem as if these objects pulse (hence the name). In some cases, this apparent pulsing occurs with the predictability and consistency of an atomic clock.
The fastest pulsars spin hundreds of times per second faster than the blades of a household blender, said physicist Zaven Arzoumanian, lead researcher with the NICER project at NASA's Goddard Space Flight Center in Greenbelt, Maryland.
"The fact that we have these pulsars apparently flashing away in the sky makes them interesting as tools," Arzoumanian said.
"You can imagine having a system of clocks, very accurate clocks, distributed all over the sky," he said. "In the same way that we use atomic clocks on GPS satellites to navigate our cars and ourselves on the surface of the Earth, we can use these clock signals from the sky, from pulsars, to navigate spacecraft anywhere in the solar system."
The idea of navigating via pulsar is not new, but the technology to autonomously detect and time the flashes is a recent development. Once it's attached to the station, the NICER telescope and SEXTANT software will run for an initial 18-month demonstration mission.
The telescope is among nearly 3 tons (2.7 metric tons) of supplies and experiments aboard the SpaceX Dragon cargo ship that blasted off from NASA's Kennedy Space Center in Florida on Saturday (June 3) and arrived this morning.
Irene Klotz can be reached on Twitter at @free_space. Follow us @Spacedotcom, Facebook or Google+. Originally published on Space.com.
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It’s a Super-Busy Time at the International Space Station Right Now – Space.com
Posted: at 5:48 am
The Orbital ATK Cygnus cargo ship S.S. John Glenn pulls away from the International Space Station on June 4, 2017 in this view from a NASA camera on the station exterior.
The last few days have been non-stop action for astronauts on the International Space Station, and there's still more work on the way.
Today (June 2), NASA astronauts Jack Fischer and Peggy Whitsonbid farewell to a robotic Orbital ATK Cygnus cargo ship, an event that came amid four days of spaceship landings, launches, departures and arrivals.
"It's a remarkable time at the international space station. One of the busiest times of vehicle traffic in history," NASA spokesman Rob Navias said today as Fischer and Whitson worked to release the Cygnus cargo ship.
It all began on Friday (June 1), when two space station crewmembersreturned to Earth on a Soyuz space capsule. Russian cosmonaut Oleg Novitskiy and French astronaut Thomas Pesquet of the European Space Agency landed in the remote steppes of Kazakhstan to end a six-month mission to the International Space Station. Their return left Whitson, Fischer and Russian cosmonaut Fyodor Yurchikhin behind on the station.
One day later, on Saturday (June 2), a SpaceX Falcon 9 rocketlaunched a Dragon cargo ship packed with 6,000 lbs. (2,721 kilograms) of fresh supplies toward the space station. That launch marked a major milestone for SpaceX: It's the first time the company reused a Dragon capsule (it first flew in 2014).
Then came today's Cygnus departure. The Orbital ATK cargo shiplaunched to the space station in mid-April to deliver 7,600 lbs. (3,500 kilograms) of supplies. It will be intentionally disposed of by burning up in Earth's atmosphere on June 11.
"This is the first time in history that two U.S. commercial cargo vehicles will be in free flight at the same time," Navias said.
But we're not done yet.
On Monday (June 5), the Dragon spacecraft that launched Saturday will arrive at the space station. Whitson and Fischer will use the station's robotic arm to capture the Dragon capsule and attach it to a berthing port so the craft can be unpacked.
According to Navias, the space station crew will get a bit of a breather after the Dragon arrival. But in 10 days, they'll see another arrival: an uncrewedRussian Progress cargo ship packed with still more supplies, he added.
Then on July 28, a new crew is scheduled to launch to the space station on a Russian Soyuz spacecraft. So, whew! There's still more space action to come this summer!
Editor's Note: This article has been corrected to reflect thatNASA astronaut Jack Fischer remains on the space station, not French astronaut Thomas Pesquet.
Email Tariq Malik at tmalik@space.com or follow him@tariqjmalikandGoogle+.Follow us@Spacedotcom,FacebookandGoogle+. Original article onSpace.com.
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SpaceX launches first refurbished Dragon cargo ship to the space … – GeekWire
Posted: at 5:48 am
SpaceXs Falcon 9 rocket lifts off from Florida. (NASA TV)
SpaceX took one more step in its campaign for rocket reusability today by sending a previously flown Dragon cargo spacecraft to the International Space Station for the first time.
If all goes well, it shouldmark the first space station rendezvous for a reused spaceship since the retirement of NASAs space shuttle fleet in 2011.
SpaceXs Falcon 9 rocket lifted off at5:07 p.m. ET (2:07 p.m. PT) from Launch Complex 39A at NASAs Kennedy Space Center in Florida.An earlier countdown on Thursday had to be called off when a lightning storm struck too close to the launch pad.
It was the 100th launch from Pad 39A, which has been the starting point for space journeys going back to the Apollo moon shots.
Hans Koenigsmann, SpaceXs vice president of mission assurance, said that he was super-happy, as always, after a good launch and that it felt great to be a part of Pad 39As 100th launch.
The robotic Dragon capsule is loaded up with nearly 6,000 pounds of experiments and supplies for the station and its crew.
Among the payloads are carriers packed with 40 mice for in-orbit experiments aimed at testing therapies for bone loss, which is a serious problem for long-term space travelers. Twenty of the mice will be returned to Earth on a future Dragon flight for extended study.
Theres also a fruit fly experiment aimed at studying heart function, which is another health concern for astronauts. Other experiments focus on protein crystal growth and plant growth in zero-G.
The Dragons unpressurized trunk is carrying an experimental set of roll-out solar arrays, a precision pointing platform for Earth observation and an experiment that will be mounted to the stations exterior to study neutron stars.
SpaceXs billionaire founder, Elon Musk, has long sought to develop reusable spacecraft as part of his strategy to reduce the cost of access to space and this mission marks another advance for the quest.
Over the past year and a half, SpaceX has gotten the knack of having its Falcon 9 first-stage boosters fly themselves back for landings and recoveries. Today, the booster toucheddown at SpaceXs Landing Zone 1 in Florida, not far from the launch pad, with a fusillade of sonic booms heralding its arrival.
The Dragon capsule launched today for the CRS-11 mission previously flew on the CRS-4 space station resupply mission in 2014. After its splashdown, the Dragonwas inspected and refurbished for reuse, with components replaced as necessary.
This is the first time when we fly actually the hull, the structure of Dragon and the majority of components again, SpaceXs Koenigsmann said in a pre-launch NASA interview. That lines up well with our quest of reusability and overall, in the long term, lowering the costof access to space.
Koenigsmann said its a pretty big deal.
The space shuttle orbiter was also reusable, but theres a big difference in the cost: By some estimates, each shuttle flight costas much as $1 billion.The price tag for each SpaceX Dragon resupply flight isin the neighborhood of $133 million, based on the terms of the companys contract with NASA.
The Dragon is due to rendezvous with the station on Monday. To make room, a robotic Orbital ATK Cygnus cargo craft, filled with trash, will be unhooked from the station on Sunday for disposal.
When Dragon shows up, astronauts will use the stations robotic arm to pull itin for its berthing.Over the course of the following several weeks, theyll unload the cargo, load it back up with payloads destined to be sent to Earth, and then prepare it for its descentto a Pacific Ocean splashdown.
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Home News Campus UCSD Students to Brew Beer on the Moon After Getting Second Chance… – The UCSD Guardian Online
Posted: at 5:47 am
A team of 11 UC San Diego students who lost after competing in Googles Lunar XPRIZE competition as finalists have been given a second chance to take their project to the moon after teaming up with Synergy Moon, a fellow competitor in Googles contest.
The student team, known as Original Gravity, commenced the experiment back in August 2016 after being involved in another student competition introduced to them by Dr. Ramesh Rao, a professor at the Jacobs School of Engineering.
The objective of that competition was to come up with an experiment that can sustain life on the moon, and whomever can come up with the best experiment, won a spot on a rocket that was involved in the Google Lunar XPrize Competition, Neeki Ashari said, a fifth-year Bioengineering major in Revelle College and one of Original Gravitys three team leaders.
Googles Lunar XPrize consists of teams who are privately funded to be the first to land their spacecrafts on the moon. After landing, the spacecrafts are to travel 500 meters and then transmit back high definition images and videos of the travel.
After hearing about the competition, the team got together to come up with possible projects that would secure them a place on the rocket.
As we were discussing possibilities for a concept, a home brewer on our team threw in the idea of brewing beer on the moon, Ashari said. We were all fans of the idea, especially because we all enjoyed the craft and science behind it. We had a few laughs, but then slowly we began to realize that it would also serve a scientific purpose: understanding yeast in a lunar gravity environment.
Aside from understanding the viability of yeast on the moon as well as in low Earth orbit (LEO), the project would play a crucial role in determining the possibility of a lunar colony ever being established on the moon as humans are very dependent on yeast in their daily food intake.
Yeast is one of the most prevalent microorganisms around, Ashari said. It is a major component in all of our everyday necessities. Such as foods (bread), beverages and pharmaceuticals (insulin). It is a necessity for which the majority of humans have become dependent on. This experiment would far exceed brewing applications and would actually serve as a vital purpose. If we can understand this, it can play a role in consumptive and clinical applications for the future of colonization in space exploration.
The projects consist of a small canister that upon moon landing, will mix yeast and wort, which will then start the fermentation process to produce the alcohol.
Original Gravitys beer-brewing experiment landed them in the finals, however, the team faced a devastating loss.
It was very disheartening to hear, however, we were not going to quit, Ashari said.
After the loss, Ashari reached out to team Synergy Moon, another finalist in the competition.
I chose them in particular because they emphasized the same ideals and principles as we did, Ashari said. I then wrote up a short, sweet, yet concise email stating who we were and if our small canister can have a spot on their rocket to the moon in 2017. The CEO of the international space company [Synergy Moon] then responded back to me accepting my offer. I was ecstatic.
After much more talk, the two teams signed contracts giving Original Gravity a space for their canister on Synergy Moons lunar landing campaign. In addition, Original Gravity was also offered seven LEO flights, allowing them to brew beer not only on the moon but also while in orbit around Earth.
Original Gravitys partnership with Synergy Moon allows for more freedom and opportunities to conduct multiple experiments while in space. The team has already made plans to produce wine and bread as well.
As for the now, the team is working on its canister to ensure positive results for the lunar project.
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Home News Campus UCSD Students to Brew Beer on the Moon After Getting Second Chance... - The UCSD Guardian Online
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